Saudi Arabia Manpower Outsourcing Market to 2027 - Regional Analysis and Forecasts by Type (Technical Staff, Sales & Marketing, Office/Admin Support); Industries (Manufacturing, Retail, ITES & Telecom, Food & Beverage, Hospitality, BFSI)
Publication Month: Apr 2019
Report Code: TIPRE00004114 No. of Pages: 91 Category: Technology, Media and Telecommunications Status: Published
The manpower outsourcing market on a Saudi Arabia scenario is estimated to account for US$ 2.35 Bn in 2018 and is expected to grow at a CAGR of 10.9% during the forecast period 2019 – 2027, to generate US$ 5.67 Bn by 2027.
The market for manpower outsourcing in Saudi Arabia is progressing steadily year on year on account of rise in industrialization and commercialization in the current scenario. Saudi Arabian government is constantly focusing on increasing the number of jobs for the nationalities. The government of the Kingdom is heavily attracting foreign direct investments in order to expand industries across the country.
Exhibit: Lucrative Saudi Arabia Manpower Outsourcing Market (US$ Bn)
Manpower Outsourcing Services Market Insights
Retail Sector to Create Significantly Large Number of Job Opportunities
Retail in Saudi Arabia is one of the emerging sectors, owing to the significant demand growth of hypermarkets and supermarkets apart from the local retailers. The key factors influencing the retail sector in Saudi Arabia are rising population, infrastructure/ real estate growth and consistently increasing purchasing power of consumers. Saudi Arabia retail sector constitutes approx. 70% of the overall retail sector in GCC Countries. The food & grocery segment in the retail sector accounted for the largest shares in Saudi Arabia. The modern retail outlets or hypermarkets and supermarkets accounts for approx. 35% of the Saudi retail sector and the count for the same is approx. 1,225 in the current scenario. The retail and wholesale sectors in Saudi Arabia are currently are heavily captured by the expatriates or foreign nationals.
E-commerce Sector and Entertainment Sector to Accentuate Manpower Outsourcing Industry
The Saudi government is investing substantially in the retail industry and is aiming to create 1.2 million jobs in the sector. The interest in catalyzing retail industry is anticipated to facilitate manpower outsourcing companies to generate substantial revenue. This is attributed to the fact that the retail sector demands a huge number of employees from various verticals, and the trend of manpower outsourcing is expected to soar in the coming years in the region. Another sector which is growing slowly in the current scenario, and has the potential to attract customers in the coming years is the e-commerce industry. In the recent past, the e-commerce industry has flourished significantly in the developed countries and developing nations including some of the GCC countries. The increasing penetration of the internet and smartphones have led the Saudi youths to opt for online retail in the recent market status, and the trend is expected to rise in the future.
Type Insights
Saudi Arabia manpower outsourcing market is categorized on basis of different type of job opportunities as technical staffs, sales & marketing, office / admin staffs, and others. The others segment includes teachers and training development individuals, and nurses and medical staffs. The technical staffs segment dominated the type segment owing to the significant demand for the technical professionals across industries.
Industry Insights
The Saudi Arabia manpower outsourcing market is segmented on basis of different industries namely; manufacturing, retail, ITES & Telecom, food & beverage, BFSI, hospitality and others. The others segment constitutes of educational institutes, medical & healthcare, and entertainment industries. The Saudi Arabia manpower outsourcing market based on industry was led by manufacturing segment.
Exhibit: Saudi Arabia Manpower Outsourcing Services Market by Type
Strategic Insights
The companies adopt partnership strategies to enhance its capabilities and expand its footprint in different geographies was observed as the most adopted strategy in Manpower Outsourcing industry in Saudi Arabia.
- Talents Hunters partnered with iDOX Soft to outsource technical staffs and sales & marketing professionals
- Adam recruitment partnered with Misk schools in Riyadh to provide its services in educational sector.
- Adam recruitment partnered with King Abdullah group to provide manpower outsourcing services.
GLOBAL MANOPOWER OUTSOURCING SERVICES MARKET - SEGMENTATION
Saudi Arabia Manpower Outsourcing Market – By Type
- Technical Staff
- Sales & Marketing
- Office / Admin Support
- Others
Saudi Arabia Manpower Outsourcing Market – By Industry
- Manufacturing
- Retail
- ITES & Telecom
- Food & Beverage
- Hospitality
- BFSI
- Others
Global Manpower Outsourcing Services Market – Company Profiles
- AJEETS MANAGEMENT & HR CONSULTANCY
- ADAM RECRUITMENT
- LITTELFUSE INC.
- PROVEN SA
- TALENTS HUNTERS
- TASC OUTSOURCING
- ADVANCED ELECTRONICS COMPANY
- MASSADR
- HRM OUTSOURCING
PART 1. iNTRODUCTION
1.1 The Insight Partners Research Report Guidance
PART 2. Key takeaways
PART 3. Manpower Outsourcing market Landscape
3.1 market overview
3.2 Market segmentation
3.2.1 Saudi Arabia Manpower Outsourcing Market – By Type
3.2.2 Saudi Arabia Manpower Outsourcing Market – By Industry
PART 4. Manpower outsourcing market – key industry dynamics
4.1 key market drivers
4.1.1 Saudization is Creating Substantial Market Space for Manpower Outsourcing Companies in the Country
4.1.2 Expanding Hospitality and IT Industry is Driving the Manpower Outsourcing Market
4.2 Key market restraints
4.2.1 Stringent Governmental Rules to Restrict Foreign Manpower Flow to the Kingdom
4.3 key market opportunities
4.3.1 E-commerce Sector and Entertainment Sector to Accentuate Manpower Outsourcing Industry in Saudi Arabia
4.4 Future trends
4.4.1 Governmental Initiatives to Furnish the Country’s Industrialization
4.5 impact analysis of Drivers and restraints
PART 5. Saudi Arabia Manpower Outsourcing Market - Premium Insight
5.1 Functional Manpower Outsourcing vs Body Shopping Manpower outsourcing
5.1.1 Functional Manpower Outsourcing
5.1.2 Body Shopping Manpower Outsourcing
PART 6. manpower outsourcing market – Saudi Arabia analysis
6.1 Saudi Arabia manpower outsourcing Market Overview
6.2 saudi arabia manpower outsourcing Market Forecast and Analysis (US$ Mn)
PART 7. Saudi Arabia Manpower Outsourcing market revenue and forecasts to 2027 – Type
7.1 Overview
7.2 saudi arabia manpower outsourcing Market Breakdown, By Type, 2018 & 2027
7.3 Technical Staff market
7.3.1 Overview
7.3.2 Technical Staff Market Forecasts and Analysis
7.4 Sales & Marketing market
7.4.1 Overview
7.4.2 Sales & Marketing Market Forecasts and Analysis
7.5 Office / Admin Support market
7.5.1 Overview
7.5.2 Office / Admin Support Market Forecasts and Analysis
7.6 Others market
7.6.1 Overview
7.6.2 Others Market Forecasts and Analysis
PART 8. Saudi Arabia Manpower Outsourcing Market Revenue and Forecasts to 2027 – By Industry
8.1 Overview
8.2 Manpower outsourcing Market Breakdown, By Industry, 2018 & 2027
8.3 Manufacturing market
8.3.1 Overview
8.3.2 Manufacturing Market Forecasts and Analysis
8.4 Retail market
8.4.1 Overview
8.4.2 Retail Market Forecasts and Analysis
8.5 ITES & telecom market
8.5.1 Overview
8.5.2 ITES & Telecom Market Forecasts and Analysis
8.6 Food & BEverage market
8.6.1 Overview
8.6.2 Food & Beverage Market Forecasts and Analysis
8.7 Hospitality market
8.7.1 Overview
8.7.2 Hospitality Market Forecasts and Analysis
8.8 BFSI market
8.8.1 Overview
8.8.2 BFSI Market Forecasts and Analysis
8.9 Others market
8.9.1 Overview
8.9.2 Others Market Forecasts and Analysis
PART 9. Industry Landscape
9.1 Market Initiative
9.2 Partnerships
PART 10. Competitive Landscape
10.1 Competitive Service Mapping
PART 11. Saudi Arabia Manpower outsourcing, Key Company Profiles
11.1 Ajeets Management & HR Consultancy
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Financial Overview
11.1.4 SWOT Analysis
11.1.5 Key Developments
11.2 Adam Recruitment
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Financial Overview
11.2.4 SWOT Analysis
11.2.5 Key Developments
11.3 Proven SA
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Financial Overview
11.3.4 SWOT Analysis
11.3.5 Key Developments
11.4 Talents Hunters
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Financial Overview
11.4.4 SWOT Analysis
11.4.5 Key Developments
11.5 TASC Outsourcing
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Financial Overview
11.5.4 SWOT Analysis
11.5.5 Key Developments
11.6 Advanced Electronics Company
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Financial Overview
11.6.4 SWOT Analysis
11.6.5 Key Developments
11.7 Massadr
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Financial Overview
11.7.4 SWOT Analysis
11.8 HRM Outsourcing
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Financial Overview
11.8.4 SWOT Analysis
PART 12. Appendix
12.1 About The Insight Partners
12.2 Glossary of Terms
12.3 Methodology
12.3.1 Coverage
12.3.2 Secondary Research
12.3.3 Primary Research
list of tables
TABLE 1. saudi arabia manpower outsourcing Market Revenue and Forecasts to 2027 (US$ Mn)
TABLE 2. Saudi arabia manpower outsourcing Market, technical staff (US$ Mn)
TABLE 3. Glossary of Term: manpower outsourcing Market
list of figures
FIGURE 1. Saudi Arabia manpower outsourcing market revenue & forecast, Retail, 2018 & 2027 (US$ Mn)
FIGURE 2. Saudi arabia manpower outsourcing Market, by types, 2018 (%)
FIGURE 3. Manppower Outsourcing market segmentation
FIGURE 4. Saudi Arabia Manpower outsourcing Market Impact Analysis of Driver and Restraints
FIGURE 5. Saudi arabia manpower outsourcing Market Forecast and Analysis, US$ Mn, 2017 - 2027
FIGURE 6. saudi arabia manpower outsourcing Market Breakdown, By Type, 2018 & 2027 (%)
FIGURE 7. Technical Staff Market Revenue and Forecasts to 2027 (US$ MN)
FIGURE 8. Sales & Marketing Market Revenue and Forecasts to 2027 (US$ MN)
FIGURE 9. Office / Admin support Market Revenue and Forecasts to 2027 (US$ MN)
FIGURE 10. Others Market Revenue and Forecasts to 2027 (US$ MN)
FIGURE 11. manpower outsurcing Market Breakdown, By industry, 2018 & 2027 (%)
FIGURE 12. Manufacturing Market Revenue and Forecasts to 2027 (US$ MN)
FIGURE 13. Retail Market Revenue and Forecasts to 2027 (US$ MN)
FIGURE 14. ITES & telecom Market Revenue and Forecasts to 2027 (US$ MN)
FIGURE 15. Food & Beverage Market Revenue and Forecasts to 2027 (US$ MN)
FIGURE 16. Hospitality Market Revenue and Forecasts to 2027 (US$ MN)
FIGURE 17. BFSI Market Revenue and Forecasts to 2027 (US$ MN)
FIGURE 18. Others Market Revenue and Forecasts to 2027 (US$ MN)
The List of Companies
- AJEETS MANAGEMENT & HR CONSULTANCY
- ADAM RECRUITMENT
- LITTELFUSE INC.
- PROVEN SA
- TALENTS HUNTERS
- TASC OUTSOURCING
- ADVANCED ELECTRONICS COMPANY
- MASSADR
- HRM OUTSOURCING
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Saudi Arabia Manpower Outsourcing market
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the Saudi Arabia Manpower Outsourcing market, thereby allowing players across the value chain to develop effective long term strategies
- Develop/modify business expansion plans by using substantial growth offering developed
- Scrutinize in-depth Saudi Arabia Manpower Outsourcing market trends and outlook coupled with the factors driving the market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client offerings, segmentation, pricing and distribution